Record Growth In 2012

Proven Technology Platform Ends Year with Over $350 Million Deployed to Main Street, Expanded Services and Major Bank Partnerships

NEW YORK, January 16 2013 — On Deck, the technology-powered Main Street lender, announced today that the company is growing at a rapid rate with over 100% growth in the past year and a total of more than $350 million dollars in loans deployed to the critically underserved small business population. This growth, which has accelerated over the past three years, further validates On Deck’s industry leading technology platform as a proven solution to solving America’s small business financing challenges. The company also announced a strong outlook for 2013.

In 2012, On Deck saw a record year with major milestones accomplished, including: raising nearly $100 million in credit facility commitments jointly led by Goldman Sachs and Fortress Credit Corp.; tripling the number of distribution partners to 1,500 nationwide; expanding bank partnerships, unveiling the On Deck API, which gives banks, partners and online service providers to small business integrated access to the On Deck platform and launched On Deck Express, the fastest way for a small business to access up to $25,000 in 24 hours or less, all done online.

On Deck also continued to receive top industry honors and accolades for technology innovation. 2012 saw the company break into the prestigious Inc. 500 list of the fast growing companies in America; secured two prestigious Stevie® Awards for business excellence in the Tech Innovation of the Year and Best New Service and Product categories, and was named to the Crunched Top 25 Start Ups to Sell For list alongside some of the most successful venture-backed startups in the country.

“2012 marked a defining year for On Deck as the company experienced explosive growth across key industry metrics,” stated Noah Breslow, chief executive officer, On Deck. “This momentum, coupled with an extremely strong holiday season and start to the New Year, puts us on course for yet another record-breaking year in 2013. On Deck is strongly poised to expand its solution to Main Street across the entire nation, through our robust distribution network, bank partners and direct relationships with business owners.”

The company now counts more than 150 employees, spanning several offices nationwide. On Deck recently opened regional offices in Atlanta, Sarasota, Chicago and Los Angeles. Early in 2013 the company will open a western region office in Denver, and move into a larger office space for its New York City headquarters and Arlington, VA offices.

On Deck’s innovative technology platform is a transformative solution to America’s small business lending challenges. The On Deck system provides the infrastructure needed to evaluate businesses based on electronic performance data rather than relying solely on the business owner’s personal credit score. The typical On Deck customer is a “Main Street” business (retailer, restaurant, salon, dentist, florist, etc.) that has been in business more than one year and has revenue between $100,000 and $4,000,000.

Other key 2012 highlights include:

Repeat customers grew to 34%

93% of customers would recommend On Deck to another business

In just 90 days after taking an On Deck loan, the average business grows revenues by 24%

On Deck improved distribution and lending ability across many industries. Range of industries served shot up 171% to 725 different types

On Deck continued to help thousands of Main Street businesses receive the critical capital they required for growth.

“I launched Roux Wine & Spirits in Prairieville, LA in August 2011. After a year in business, I wanted to install automated wine stations to improve our wine service, and needed the financing to do so,” said Myrna Arroyo. “Traditional lenders simply weren’t an option for us, so after some research online I found On Deck. I started the process online, and a few days later had the capital I needed for the project. We finished our installation in the fall and since then, our sales are up about 20%.”

About On Deck

Launched in 2007, On Deck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market underserved by banks. Through the On Deck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company’s proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner’s personal credit history. The On Deck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.

On Deck Capital is financed by some of the nation’s leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.

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